Crypto Chirps: Terraform Settles for $4.47B, S. Korean Retailers Exit NFTs, Taiwan Flocks to Self-Regulation, Paxos Trims Workforce

Our Canary brings mixed-bag news today! Terraform Labs landed hard, chirping a massive $4.47B settlement with the SEC. Meanwhile, in South Korea, some retail giants are taking flight from the NFT market as things slow down. On a brighter note, Taiwan's crypto industry is taking a big step towards legitimacy with a new self-regulatory group. And stablecoin issuer Paxos trimmed its staff by 20%, to focus on core areas.

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